Flashbots Reveals New Version of Its Key Ethereum Software

Flashbots, whose software plays a pivotal role in the Ethereum blockchain ecosystem, said Friday that it’s been developing a new version of the technology for the past year.

• Announcement was made in conjunction with Devcon in Bogota, Columbia, the biggest Ethereum conference of the year. Flashbots is a research and development team that has been working on ways to curb the potential harms of MEV – a controversial way of making money by reordering blockchain transactions.
• New version is called «SUAVE,» a codename that stands for “Single Unifying Auctions for Value Expression.”
• According to a presentation slide from Devcon, the software will be a fully decentralized block builder.
• It will be open-sourced and EVM-compatible and will be supported across multiple chains.
• The Flashbots team announced that more details about SUAVE will be shared next week.
• Flashbots has garnered a lot of attention recently, as it decided to open-source its MEV-boost code following the U.S. Treasury’s decision to sanction Tornado Cash transactions, so that others could develop their own non-censoring relays.

Read more: What’s Going On With Ethereum’s MEV-Boost?

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